Dawson Geophysical Co. (NASDAQ:DWSN) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $8.84 and last traded at $8.52, with a volume of 225,202 shares changing hands. The stock had previously closed at $8.10.

A number of brokerages recently commented on DWSN. Zacks Investment Research raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. Raymond James Financial Inc. raised shares of Dawson Geophysical from a “market perform” rating to a “strong-buy” rating and set a $8.00 price target for the company in a report on Wednesday, May 11th.

The firm’s market capitalization is $164.35 million. The company’s 50-day moving average price is $7.69 and its 200 day moving average price is $5.02.

Dawson Geophysical (NASDAQ:DWSN) last announced its earnings results on Tuesday, May 10th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.35) by $0.05. The company had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $73.70 million. On average, analysts expect that Dawson Geophysical Co. will post ($1.39) earnings per share for the current year.

In related news, EVP James W. Thomas sold 10,662 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $7.48, for a total transaction of $79,751.76. Following the sale, the executive vice president now directly owns 56,897 shares of the company’s stock, valued at approximately $425,589.56. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.

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